Research snapshot · 7/2/26

NVTSNavitas Semiconductor Corporation

GaN power ICs | SiC devices

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HOLD
Conviction●●○○○2 of 5
Research target21Snapshot target
Thesis statusINTACTLast reviewed 7/2/26
Market cap4.08BSnapshot value

Navitas' GaN (Gallium Nitride) power ICs enable dramatically smaller, more efficient power conversion for motor drives, power supplies, and charging systems - a critical bottleneck as Physical AI scales. GaN-based motor drives reduce size/weight by 40-60% versus silicon, directly enabling more compact and efficient robot actuators, drone power systems, and AI data center power delivery.

1) Q2 2026 earnings (est. Aug 11, 2026) - revenue stabilization after -38.7% YoY decline; 2) Design wins in robotics/industrial motor drive applications using GaN ICs (2026-2027); 3) Data center GaN power delivery adoption for AI inference infrastructure (2026); 4) New high-power GaN platform launch expanding TAM

1) Revenue continues declining through H1 2027; 2) GaN adoption stalls vs silicon carbide (SiC) in motor drive applications; 3) Cash burn accelerates beyond $221M reserves; 4) Major customer loss or design win cancellation

neutral: No robotics mentions on X. Revenue declining -39%. Excludes EVs explicitly.

Snapshot · 7/2/26

No positioning snapshot available.

Snapshot · 7/2/26